No. That's the cost for fitting equipment to the dustcart that reads the chip. I expect it includes the cost of the computer, the RFID reader, and I imagine the back of the lorry is a fairly hostile environment for electronics which would push the price up.

In any case, it's more speculation than something that's actually happening. If they did start charging for household rubbish disposal, it would encourage fly-tipping and we'd all have to get padlocks for our bins, human nature being what it is. Also, the binmen don't always return the bins to the household they came from. It's a crackpot idea.

(Sorry to post off-topic; this has very little to do with survival equipment.)